Moody's: StanCorp view stable

Moody's Investors Service said it affirmed the senior Baa2 credit ratings of StanCorp Financial Group, Inc. and the A2 insurance financial strength rating of Standard Insurance Co., its primary operating subsidiary.

The outlook was changed to stable from negative.

"The return of StanCorp's outlook to stable reflects the company's improved profitability in its core Group Insurance segment, driven by better long term disability performance, which was helped by price increases and more favorable claims incidence. In addition, the recent uptick in interest rates also helps profitability by alleviating pressure for further reductions to the LTD new claims discount rate," Moody's vice president Ann Perry said in a news release.

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